LiveOak Fiber (LiveOak), a regional broadband service provider founded in 2022 has secured $250 million in financing from by J.P. Morgan.
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This funding will be used to supercharge LiveOak’s expansion of its 100% fiber broadband network to underserved communities in the Southeast United States.
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“We appreciate our financial partners for their support,” said Steve Smith, LiveOak’s Co-Founder and CRO. “As we continue to expand, we remain committed to investing in our markets to provide best-in-class service for our customers and the communities we serve. We are intensifying our focus on these markets and the transformative infrastructure we deliver.”
“We are proud of our progress to build much needed digital infrastructure which supports communities across the Southeast to meet their connectivity needs,” said Jody Craft, CEO at LiveOak. “This financing will be used to continue our expansion in Florida and Georgia as well as the surrounding region. We see this as an important step and shows our team’s continued commitment to growth.”
About LiveOak Fiber
The mission of LiveOak Fiber is to build a world-class fiber network that delivers fast, affordable internet to homes and businesses in traditionally underserved communities. We invest in the communities we serve by building the modern digital infrastructure needed to improve the quality of life and drive economic growth. By providing an affordable fiber connectivity option, we are bringing new career opportunities and vital digital support through network builds and expansion
